Where Credit is Due: How Africa's Debt Can Be a Benefit, Not a Burden by Gregory

Description: Where Credit is Due by Gregory Smith Borrowing is a crucial source of financing for governments all over the world. If they get it wrong, then debt crises can bring progress to a halt. But if its done right, investment happens and conditions improve. African countries are seeking calmer capital, to raise living standards and give their economies a competitive edge. The African debt landscape has changed radically in the first two decades of the twenty-first century. Since the clean slate of extensive debt relief, states have sought new borrowing opportunities from international capital markets and emerging global powers like China. The new debt composition has increased risk, exacerbated by the coronavirus pandemic: richer countries borrowed at rock-bottom interest rates, while Africa faced an expensive jump in indebtedness. The escalating debt burden has provoked calls by the G20 for suspension of debt payments. But Africas debt today is highly complex, and owed to a wider range of lenders. A new approach is needed, and could turn crisis into opportunity. Urgent action by both lenders and borrowers can reduce risk, while carefully preserving market access; and smart deployment of private finance can provide the scale of investment needed to achieve development goals and tackle the climate emergency. FORMAT Paperback CONDITION Brand New Author Biography Gregory Smith (PhD) is an economist who analyses and overturns commonly held assumptions about investing in emerging and frontier markets. He has advised African governments, worked in global financial markets as an investor, and as an economist at the World Bank. His research has featured on Bloomberg and in The Economist, the Financial Times and The Wall Street Journal. Review [Smith] provides an excellent introduction to the current debt crisis and the policy issues involved. -- Foreign AffairsA very readable, in-depth look at the history and trends of government-issued sovereign debt in Africa, giving policy recommendations on how African governments can make the best of use of debt. -- African BusinessThe essential guide on Africas biggest financial problem-how to borrow without tears. -- Joseph Cotterill, Financial TimesThe books commonsense approach and engaging style draw in the reader […] a valuable addition to the literature and well worth reading for those interested in African debt issues. -- International Monetary FundAfricas debt burden is again at the centre of a global debate over repayment suspension or cancellation. In "Where Credit is Due", Gregory Smith succinctly reviews the mistakes of the past and shows that lessons can be learned and African solutions must take centre stage. This is an important book for anyone seeking fresh thinking on how to turn this crisis into a longer term opportunity to scale up investment for post-Covid19 economic recovery and achieve the development goals. -- Alex Vines OBE, Director, Africa Programme, Chatham House and Assistant Professor, Coventry UniversityThis fluent study brings together many insights on Africa debt. Just as debt used wisely is an essential tool for African development, this book is invaluable to understanding its pitfalls and Africas policy choices. -- Former President of Nigeria and Chairperson of the African Union Olusegun ObasanjoGregory Smiths book is an extensively researched and well-argued analysis of how Africa can access and make best use of debt financing. The comprehensive country breakdowns give a timely reminder that Africa is not a generic investment destination. The book will be of interest to policymakers, investors and academics in Africa and globally. -- David Whitehouse, business editor, The Africa Report Details ISBN1787384756 Author Gregory Smith Pages 240 Publisher C Hurst & Co Publishers Ltd Year 2021 ISBN-10 1787384756 ISBN-13 9781787384750 Format Paperback Imprint C Hurst & Co Publishers Ltd Place of Publication London Country of Publication United Kingdom Publication Date 2021-06-24 UK Release Date 2021-06-24 NZ Release Date 2021-06-24 Subtitle How Africas Debt Can Be a Benefit, Not a Burden DEWEY 336.34096 Audience Professional & Vocational AU Release Date 2021-09-29 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:133528342;

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